Cowen and Company restated their market perform rating on shares of United Continental Holdings, Inc. (NYSE:UAL) in a research note published on Friday. They currently have a $62.00 price objective on the transportation company’s stock, down from their previous price objective of $70.00.
UAL has been the topic of a number of other reports. BidaskClub lowered shares of United Continental Holdings from a hold rating to a sell rating in a research report on Tuesday, July 25th. Buckingham Research restated a buy rating and set a $97.00 target price on shares of United Continental Holdings in a research report on Saturday, July 22nd. UBS AG increased their price target on United Continental Holdings from $103.00 to $109.00 and gave the stock a buy rating in a report on Wednesday, July 12th. Morgan Stanley increased their price target on United Continental Holdings from $79.00 to $85.00 and gave the stock an equal weight rating in a report on Thursday, July 20th. Finally, Stephens reaffirmed an equal weight rating and set a $65.00 price target (down from $80.00) on shares of United Continental Holdings in a report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $78.66.
United Continental Holdings (NYSE:UAL) traded up 0.20% during midday trading on Friday, reaching $59.90. 10,397,370 shares of the company traded hands. United Continental Holdings has a one year low of $52.21 and a one year high of $83.04. The company has a 50 day moving average price of $62.09 and a 200-day moving average price of $70.41. The stock has a market capitalization of $18.22 billion, a P/E ratio of 8.28 and a beta of 1.05.
United Continental Holdings (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. United Continental Holdings had a net margin of 5.22% and a return on equity of 25.49%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $3.11 earnings per share. Analysts forecast that United Continental Holdings will post $6.41 EPS for the current fiscal year.
In other news, Director Edward Shapiro purchased 15,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the transaction, the director now directly owns 27,707 shares in the company, valued at approximately $1,658,818.09. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Exane Derivatives increased its position in shares of United Continental Holdings by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after buying an additional 1,461 shares in the last quarter. MCF Advisors LLC increased its position in shares of United Continental Holdings by 0.9% in the second quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock valued at $115,000 after buying an additional 13 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of United Continental Holdings in the first quarter valued at $122,000. FNY Partners Fund LP increased its position in shares of United Continental Holdings by 2,073.9% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the transportation company’s stock valued at $141,000 after buying an additional 1,908 shares in the last quarter. Finally, Sun Life Financial INC increased its position in shares of United Continental Holdings by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after buying an additional 2,051 shares in the last quarter. Institutional investors and hedge funds own 97.62% of the company’s stock.
About United Continental Holdings
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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